nonprofit corporation

Popular Terms
Organization created to serve a purpose other than the generation of profit (for distribution among stockholders) and usually given a tax exempt status. Also called not for profit corporation.

Use 'nonprofit corporation' in a Sentence

The nonprofit corporation succeeded in executing its vision and mission by increasing global well being and operating transparently and successfully.
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They were a nonprofit corporation and did all of their work for the good of the people in the community, which was great.
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You should try to make sure that you are always doing things the right way if you are running a nonprofit corporation.
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